annual report

Ukrainian Canadian Foundation of Taras ShevchenkoSUMMARIZED schedule ofinternally restricteddesignated fundsUkrainian Canadian Foundation of Taras ShevchenkoSUMMARIZED scheduleof expensesyear ended MARCH 31, 2012year ended MARCH 31, 2012Balance, Income Balance,A april 1, and Disburse‐ March 31,schedule 1 2011 Donations ments 2012Canada‐Ukraine Foundation Fund $ 133,013 6,072 5,465 133,620Ludwig, Olga & Constance Kaye Fund 51,090 3,832 2,332 52,590Dr. Yarema Kelebay Scholarship Fund 9,854 936 392 10,398Kobzar Literary Award Fund 285,395 91,028 - 376,423Stephen & Olga Kuzyk Fund 200,000 8,857 - 208,857Luciuk Family Fund - 8,380 - 8,380David Mysak Fund - 10,773 - 10,773John Nowosad Fund 16,821 744 744 16,821Piciura Publication Fund 203,094 8,993 3,094 208,993Rose Pryhoda Fund 167,866 7,663 7,663 167,866Mykola & Iwanna Suprun Fund - 25,693 - 25,693UFCE Trust Fund 305,354 11,650 10,485 306,519Ukrainian Canadian Professional &Business Association of Ottawa Fund 16,875 747 747 16,875Ukrainian Canadian Reading AssociationChytalnya Prosvita of Winnipeg Fund 395,025 17,493 15,744 396,774Ukrainian Literary Association ofM. Shaskevich Fund 90,000 3,985 3,985 90,000Ukrainian Professional & BusinessFoundation Fund 15,239 675 675 15,239Stefan & Maria Yankowski Fund 264,500 9,324 9,324 264,500Mykola & Anna Wargaty Fund 14,000 639 639 14,000Wasyl, Tela, Darka and Lydia Karabin Fund 10,022 444 400 10,066Michael & Olga Woroby Fund - 11,028 - 11,028Ivan Zinchuk Memorial Scholarship Fund - 18,760 - 18,760Mykola & Ann Zubaty Fund 10,000 443 443 10,000Subtotal 2,188,148 248,159 62,132 2,374,175Unrealized gain (loss) 209,597 (84,310) - 125,287Total ‐ 2012 $ 2,397,745 163,849 62,132 2,499,462Total ‐ 2011 316,308 46,912O operations Designated Internment Branch 360 Total Totalschedule 2 fund Funds Fund Fund 2012 2011Amortization of capital assets $ 11,963 - - - 11,963 11,632Annual report 31,451 - 3,181 - 34,632 62,335Courier and postage 6,835 - 2,711 - 9,546 11,877Community relations 49,200 - - - 49,200 81,511Fund Advisory Council remuneration - - 8,200 - 8,200 6,350Fund development 38,189 - 14,189 - 52,378 29,294Fundraising costs 16,528 - - - 16,528 16,326Insurance 14,625 - 5,046 - 19,671 21,115Investment costs ‐ Foundation 62,778 - 99,419 24,773 186,970 175,237Investment costs ‐ Managed funds 87,352 - - - 87,352 74,433Life insurance premiums - - - - - -Meeting costs 36,236 - 18,856 323 55,415 52,657Occupancy costs 13,922 - 462 - 14,384 15,073Office 16,737 - 764 - 17,501 29,898Professional fees 33,539 - 9,301 7,095 49,935 53,049Special project ‐ golf tournament 12,324 - - - 12,324 -Telephone 8,095 - 1,053 - 9,148 9,665Wages and benefits 123,802 - 46,125 - 169,927 166,306$ 563,576 - 209,307 32,191 805,074 816,758Ukrainian Canadian Foundation of Taras Shevchenkonote to summarizedfinancial statementsyear ended MARCH 31, 20121. BASIS OF PREPARATIONThe summarized financial statement have been prepared from the audited financial statement for the year ended March 31, 2012 on the following basis:(a) The summarized financial statements include the complete statement of financial position, statement of operations and changes in net assets,schedules of internally restricted designated funds, expenses and projects as well as information from notes to the complete financial statementdealing with matters having a pervasive or otherwise significant effect on the summarized financial statements.The complete financial statements, including notes to the financial statements and the independent auditors’ report are available upon request bycontacting the organization’s office.50 || 51